Aims To 'Revolutionize' Virtual Claims Inspection And Adjustment Processes
PrecisionHawk has announced a partnership with EagleView, a provider of aerial imagery and data analytics for government, insurance and commercial sectors. Through this partnership with PrecisionHawk, EagleView will collect at-scale insurance claims imagery via drones by leveraging PrecisionHawk’s global network of drone pilots, Droners.io.
The addition of PrecisionHawk’s drone pilot network will benefit EagleView OnSite Solutions for remote claims inspection. EagleView OnSite virtual desk adjustment combines imagery from multiple sources, including drones, with a variety of data analytics and reports to enable adjusters to efficiently triage claims, virtually inspect properties from their desk, and ultimately close P&C (property and casualty) claims faster than ever before.
“EagleView OnSite provides insurance customers with all the tools necessary to settle claims without ever going into the field,” said Rishi Daga, CEO of EagleView. “As drones transform the way the insurance industry operates, making inspections safer, easier and more cost effective, EagleView reinforces its commitment to drone technology to digitize manual workflows.”
Virtual drone inspections for insurance claims address a challenging trend in the P&C insurance industry. Over the past 20 years, the number of experienced insurance adjusters has dropped dramatically, causing labor shortages especially after major storms hit. The demand for insurance adjusters is high, yet drone pilots add a new, untapped “labor force” to the equation.
Combining the EagleView OnSite virtual desk adjustment solution with PrecisionHawk will offer the insurance industry thousands of certified, trained drone pilots to perform high-quality insurance inspections at a competitive cost. With more than 25,000 claims processed by EagleView OnSite in the last 18 months, EagleView can help insurance carriers transform their property claim workflows and decrease cycle time by at least 40 percent to best serve their customers after a catastrophic natural disaster.
"Today, insurers are increasingly using drones for asset inspections, particularly when assessing claims. This practice is transforming the claims cycle, making it faster and safer for adjusters to observe, analyze and assess the damage associated with incidents ranging from one-off accidents to natural disasters,” said Michael Chasen, CEO of PrecisionHawk. “Our relationship with EagleView not only provides highly trained and certified drone pilots for its offerings, but also underscores the significant value drones deliver across industries and catalyzes the adoption of drone technology.”
EagleView also confirmed today its participation in PrecisionHawk’s latest round of $75 million in funding.
“To further cement our relationship, EagleView is investing in PrecisionHawk through our participation in their latest round of financing,” stated Rishi Daga, EagleView CEO. “Combining the strength of EagleView OnSite Solutions and the expertise and scale of PrecisionHawk and Droners.io, both operationally and with financial investment, will certainly help insurance carriers deliver more value to their policyholders.”
(Source: PrecisionHawk news release)
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